Lugi said:
They probably can't make them much more powerful for market reasons, games on current generation consoles already cost millions to make.., upgrade the hardware even more you will upgrade the budget to make the games too
That is simply not true - at least as far as gamemaking goes - most of todays budget in games goes for stupid shit -just take a look at the old republic - at least 200 mil went into this garbage. The reason is that most of money sinks into big names for voicovers and commercials in prime time. Hollywoodization, that's what happened, sudden spike in costs without a clear improvement in gamemaking itself. While talking about graphics, we talk about working with an engine, if it's well done and easy in use, you gonna get more work mostly in modelling, textures and lighting. Rest is pretty much business as usual.
The thing is that casualization hit the market, and average joe must be able to afford the console and people must buy it en masse. So they take a relatively shitty card (mind that in the next year it will be even more shitty), slap xbawks logo on it and start printing money.
Cost of making games wouldn't go up as much as you think, cost of a console would, be it good or bad thing. I personally think that if you want to make something to last for a few years, you should at least make sure that it won't be slow even at release date.